The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-29
ANOTHER NOTCH HIGHER
The City's Wave Of Prosperity Contin-
ues to Assume Larger Proportions.
The Real Estate Transfers Yesterday Num-
bered Three More than on Any Day Dur
ing the Year-Capital Still Coming.

paid for even the most desirable property. A
few holders have raised their valuation to enor-
nous figures, but they are the kind that are be-
ing passed by by men who are seeking invest
ments. st is a legitimate boom, in every sense
of the word remarked real estate agent yes
terday. Property is bound to advance in price,
but persons who are buying large tracts with the
hope of realizing great profits will be disap-
pointed. Prices will gradually advance, recu
lated by the law of demand, but Indianapolis
people know too much to 60 crazy over
real estate speculation like they did in
the seventies. If the city is to be
permanently benefited by the burning of natural
gas here fabulous prices on real estate must be
avoided. Cheap land will be the first thing con-
sidered by manufacturers who may desire to To-
cate here. and the best way to keep them away
will be to buy up all the land surrounding the
city and put prices on it that they will not con-
sidern
Yesterday another lively day with the
buyers and sellers. AS heretofore the realty
conveyed consisted almost wholly of small lots.
There were more buyers than sellers, and one
moneyed remarked in the recorders Office
last evening that he had attempted to purchase
to set price. Many of those who made purchases
the latter part of last week and the first of this
are selling at a fair profit. and renvesting. Lots
in any of the desirable additions of the city are
worth from 10 to % per cent. more than they
were this time last week, and in many localities
they have doubled in valuation Not all the
buyers by any means are SPECTATORS There Is
strong desire on the part of nearly all business
men to get homes in the suburbs. and fair per
cent. of the number of lots purchased are for per-
manent homes The encouraging outlook makes
it possible to sell downtown property at a bar
gan and persons who have for several years
been kept in the heart of the city are being per-
mitted to move out to purer air and greener
fields.
The conveyances yesterday numbered three
more than on any previous day this year-thlr-
tyfour. The total consideration was 500, 49l. 26
"a small falling-of from that of Wednesday.
The most notable of the transfers was that of
two acres of ground in St Glars addition Dy
DePauw University. for 81. 263 81. The uni
versity has invested considerable money in lots,
in thelast week, and it is understood the money
realized from the sale yesterday will be put in
lots east of the city Immediately. Two lots in
Woodlawn addition sold for ST, 235, the purchaser
being Ross Bookwater. Twenty of the lots be-
longing to Fletcher & Shapes Bank have been
sold by Receiver Wallace. No sales have been
made below the apprajsement, and on an aver
age they are 10 per cent above Twenty lots in
Belmont sold yesterday for 81, 900, aud trade
for thirty more lots there is about completed.
The sale of the Schurmann farm northwest of
the city. for nearly $3.50. 600, consummated,
yesterday, but the deeds were not recorded
Two thirds of the purchase money was paid
down The transfers recorded yesterday are
as follows af ss~
Albert g. Martin and wife to Sophia T.
Brown, lots 9 and 10, in RuddeIls SUBJ
division of block g. of Johnsons heirs
addition to Indianapolis 49,. 100000
Robert Silver and wifeito Alexander c.
Clark, lot 6, in Ruddels subdivision of
block z in Johnsons heirs addition to
lnQlanaDOuS OLOVU
division, in Indianapolis s s........... 10000
John V. Martin and wife to Eva Hunt,
lot 8, in Guerns subdivision of lot 33, M
in Il. T. Fletcher's second Brookside
ALSO lot IL, square Is, in Hayden's
first subdivision of Johnson's heirs ad-
ton to Indianapolis 200. 90
Eva Hunt and husband to John j. Casriger, ..s- :
lot s. in Guerin's subdivision, in E. L.
Fletcher's second Brookside addition TO
The Citizens National Bank to Jay A.
Buck lot 5, in the Citizens National
Banks subdivision of part of lots 13
and Id in Johnsons heirs addition to
Henry Schurlnann and wife to Benjamin
F. Wslker lots 116 and IL in Eniott's
subdivision of outlet 156, in Indian
Simon P Sheerin and wife to Josephine
north addition to Indianapolis 100000
VIM Wallace receiver, to Josephine s.
Bronson. lot "a in Bruce Place East-end
addition to Indianapolis ----...-------- $4,000
Albert dltzeberger and wife to Joseph
Ludwig, lot so in Kappes & Franks adj
dition to Indianapolis ..-----.----.--- 10000
Elizabeth Muir to Julius Adler part of
lot in square 20. In Indianapolis. 100000
Johr +. Roe and wife to Washington ALI
son and wife block in Malott Park $4,000
Noah Morgan to Charles d. Fertig, part of
lot IA in the town of Casteton- 1900
Edward S. Fl ed and wife to John Coke.
| lot in Fields subdivision of pt4 in
Mayhem S heirs addition to InGianapo-
us oUO.UO
Martha W: Bond and husband tg Lot Lee.
partiof lots4in johnson ct Ais subdi-
vision of Johnsons heirs addition to
Elizabeth H. Miller ct al. to Asher N.
Miller part of the northeast quarter of
section II township 10 north of range
ast.7contaning SOFA $4,000
! Leonard Graves and wife TO Amos ID.
Krewson, lot 25. in Ham & Dawson's
/ subdivision of lot "a. in Johnson's
heirs addition to indianapolis. 100000
Magdelena Faulstuch ct al. to Levi p
| Ayres part of the west half OF the
| southwest quarter of section 8. town.
ship 15 north, of range east one-haf
DePauw University to Michael Clune.
| part of lot - in Arthur ST. Clair's ad-
dition to Indianapolis. --....... IL 500. so
Thomas Armstrong ct al to Virginia NJ.
Adair, lot II. in VIM. Bradens subdi-
| vision of Hendersons addrsicn to Indi-
VIM T. Noble and wife to Mary F. Wad-
| ley lot los and part of l54, in Nor
risons third addition to Indianapolis 100000
| Harry j. Millisan. trustee, to Sophia V.
Miller, lot 2 in square 10. in S. A.
Indianapolis ... 1000
| Henry Schakel and wife to Christine
Rolling, part of the northeast quarter
OF section IS, township 10 north of
range 4 LOO
Samuel Denny and wife to John L. wag-
ner, lot Is and part of Is. in Windsor
Place. an addition to Indianapolis 1890
! Harry j. Milligan, trustee, to John l..
addition to Indianapolis ..,... 10000
| Harry j. Milgan. trustee. to John l..
Wagner. lots II and 13. in square II,
in S. A. Fletcher, jr.'s, northeast addi-
ton to indianapolis. Observation-Disclosures. 4UO.OO
| Nicholas McCarty ct al to Catharine Car
son. lots 144 and 145 in McCartys
subdivision of part of outlot 12O, in In
dianapos. 10000
| Maria Jameson ct al to VIM. Covert part
| of the west half of the southeast quarter
of section SO, township 16 north, range
east, in Indianapolis $4,000
| George B. Yandes, trustee, to Samantha
w. Allen lots s. g. z and in Chaun
cey L. Turner's subdivision of part of
Indianapolis -.-.... 49, $4,000
Christoph Hlgenberg to VIM. H. English,
addition to indianapolis .-.-- 36.7e
Oren S. Hadley and wife to Benjamin d.
Miner. lot AS in Seaton's subdivision of
indianapolis .-..-.. -. 10000
David d. Long Ross Bookwalter, part
of lots III and lis in Spann g. Co.'S
first Woodlawn addition to Indianapolis !. 235 .0C
Catharine Carson John j. Blackwell
lot in McKernan q Pierces subdivis-
ION of outlot 1 21 in IndianapoliS 300 OC